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Equity Research Database
Institutional Investment Pitches
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
Explore professional investment ideas sourced from institutional letters, short theses, and premium research channels, distilled into concise summaries.
| Pitch Type | Author | Industry | Pitch Thesis & Key Summary | Bull/Bear | Action | ||
|---|---|---|---|---|---|---|---|
| Nov 6, 2026 | Fund Letter | Jack BeiroJB Global Capital | Broadline RetailBroadline Retail | Long BABA (Alibaba Group Holding Limited) Alibaba and Flowers Foods make up 81% of the portfolio, and the logic of holding them together is straightforward: their underlying businesses are driven by very different forces. Alibaba's future depends... | BULL | View Pitch → | |
| Oct 30, 2026 | Fund Letter | Patrick BrennanBrennan Asset Management, LLC | GCI Liberty, Inc. $GLIBA• NASDAQ | Telecommunication ServicesTelecommunication Services | Long GLIBA (Liberty Broadband Corporation) Elon Musk's SpaceX purchase of U.S. spectrum scared investors into believing that not only will SpaceX instantly disrupt the U.S. market but also that this purchase implies SpaceX will buy up spectrum everywhere simultaneously…even in markets where none is for sale. A "bot-war" narrative... | BULL | View Pitch → |
| Oct 30, 2026 | Fund Letter | Eric Mintz, Christopher Sassouni, David CavanaughCarillon Eagle Mid Cap Growth Fund | Commercial Services & SuppliesCommercial Services & Supplies | Long RBA (RB Global) RB Global is a global marketplace for commercial assets and vehicles that facilitates transactions across automotive, construction, transportation, agriculture, and other industrial end markets. Although the company... | BULL | View Pitch → | |
| Oct 30, 2026 | Fund Letter | Cooper Investors Pty LimitedCooper Investors Global Equities Fund (Unhedged) | Commercial Services & SuppliesCommercial Services & Supplies | Long RBA (RB Global, Inc.) The Compounding Capital pool is well diversified across businesses in industries enjoying positive tailwinds, such as live entertainment and sports content (e.g. Liberty Media (FWONK) owner of Formula One and MotoGP), Life Sciences (e.g. Thermo Fisher (TMO)), Semiconductors (e.g. Taiwan Semiconductor Manufacturing Co (2330)) and US Industrial activity (e.g. RB Global (RBA)). | BULL | View Pitch → | |
| Oct 29, 2026 | Fund Letter | Hrishikesh GuptaSGA - Emerging Markets Growth | BanksBanks | Long HDFCBANK.NS (HDFC Bank) HDFC Bank was a top detractor during the quarter. While loan growth,... | BULL | View Pitch → | |
| Oct 29, 2026 | Fund Letter | Hrishikesh GuptaSGA - Global Growth | BanksBanks | Long HDFCBANK.NS (HDFC Bank) HDFC Bank was a top detractor during the quarter. While loan growth,... | BULL | View Pitch → | |
| Oct 29, 2026 | Fund Letter | Tucker BrownSGA - International Growth | BanksBanks | Long HDFCBANK.NS (HDFC Bank) HDFC Bank was a top detractor during the quarter. While loan growth,... | BULL | View Pitch → | |
| Oct 11, 2026 | Fund Letter | David PapsonCDT Capital Management | Broadline RetailBroadline Retail | Long BABA (Alibaba Group Holding Limited) For us, we welcomed the likes of Honeywell Aerospace (HONA), Dick's Sporting Goods (DKS), Salesforce (CRM), Alibaba (BABA) The Coopers Companies (COO) to our portfolio. Two opposing thoughts.... | BULL | View Pitch → | |
| Sep 30, 2026 | Fund Letter | Daniel L. BabkesPzena Focused Value strategy | Health Care Equipment & SuppliesHealth Care Equipment & Supplies | Long BAX (Baxter International Inc.) Baxter sought to amend its certificate of incorporation regarding board size, which would have given the board authority to increase the number of directors up to a cap of 17. Academic literature supports... | BULL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Jason & JesseDKAM Donville Kent Asset Management | -- | DKAM Donville Kent Asset Management - BAMI.TO Before coming public, Blue Ant grew earnings at a 15% CAGR over the past 5 years. The streaming sector... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Southeastern Asset Management, Inc.Longleaf Partners Small-Cap Fund | Movies & EntertainmentEntertainment | Longleaf Partners Small Cap Fund - BATRA The owner of the Atlanta Braves baseball team and surrounding real estate was a contributor during the quarter. The highlight during... | BULL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Mark L. YockeyArtisan International Fund | Construction & EngineeringConstruction & Engineering | Artisan International Fund - BAB.L Babcock detracted despite continued operational progress. Shares of the... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Masayoshi SonSoftBank Group | Broadline RetailBroadline Retail | SoftBank Group - BABA Physical settlement of prepaid forward contracts using Alibaba shares was completed. An investment loss... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Stuart Pearce, Alexis DelloyeAlluvium Global Fund | Broadline RetailBroadline Retail | Alluvium Global Fund - BABA Alibaba was down 21.3%. Its results were... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Tucker BrownSGA - International Growth | Broadline RetailBroadline Retail | SGA International Growth - BABA Alibaba was a detractor from performance during the quarter. Shares were pressured... | BEAR | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Michael KassBaron Emerging Markets Fund | Broadline RetailBroadline Retail | Baron Emerging Markets Fund - BABA Alibaba Group Holding Limited is China's largest e-commerce and cloud computing company. Shares fell after... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Hrishikesh GuptaSGA - Emerging Markets Growth | Broadline RetailBroadline Retail | SGA Emerging Markets Growth - BABA Alibaba was a detractor from performance during the quarter. Shares were pressured... | BEAR | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Hrishikesh GuptaSGA - Emerging Markets Growth | Consumer FinanceConsumer Finance | SGA Emerging Markets Growth - BAJFINANCE.NS Bajaj Finance, the largest non-banking finance company in India, was a top contributor to performance during the quarter. The company reported... | BULL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Teeja Boye, CFA and Brian A. Christiansen, CFASands Capital Emerging Markets Growth Fund | Broadline RetailBroadline Retail | Sands Capital Emerging Markets Growth Fund - BABA Alibaba shares declined amid broader weakness in China internet stocks. Investors have increasingly... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Jack BeiroJB Global Capital | Broadline RetailBroadline Retail | JB Global Capital - BABA Alibaba reported its March-quarter and fiscal year 2026 results on May 13th. The results show... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Josh SaltmanBaron FinTech Fund | BanksBanks | Baron FinTech Fund - BAC Bank of America Corporation was a top contributor to performance for the quarter. We initiated a... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | David G. Herro, Tony Coniaris, Eric Liu, M. Colin Hudson, John A. SitarzOakmark Global Select Fund | Broadline RetailBroadline Retail | Long BABA (Alibaba Group) Alibaba Group was the top detractor during the quarter. The China-headquartered technology... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | David G. Herro, Tony Coniaris, Eric Liu, M. Colin Hudson, John A. SitarzOakmark Global Select Fund | PharmaceuticalsPharmaceuticals | Long BAYRY (Bayer) Bayer was the top contributor during the quarter. Two anticipated events... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Stuart Pearce, Alexis DelloyeAlluvium Global Fund | Broadline RetailBroadline Retail | Long BABA (Alibaba Group Holding Limited) Alibaba was the standout this month, with a return of 55.3%. Alibaba has traditionally... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Chad MeadeMeridian Small Cap Growth Fund | Commercial Services & SuppliesCommercial Services & Supplies | Long RBA (RB Global, Inc.) RB Global, Inc. operates a global marketplace for salvage vehicles through its IAA subsidiary and for used industrial equipment via its Ritchie Bros. division.... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Kris Webster, Michael Poulsen, and Jack McManusCanopy Investors | Equity Real Estate Investment Trusts (REITs)Equity Real Estate Investment Trusts (REITs) | Long SBAC (SBA Communications) SBAC's share price increased 29% in April. SBAC leases mobile... | BULL | View Pitch → | |
| Aug 21, 2026 | Substack | Jack BeiroJB Global Capital | Broadline RetailBroadline Retail | Long BABA (Alibaba Group Holding) As the largest position in the fund (50%) we need to discuss Alibaba's latest earnings, which left us genuinely conflicted. On the one... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Harvey SaxAlpha Wealth Funds - The Insiders Fund | The Boeing Company $BA• NYSE | Aerospace & DefenseAerospace & Defense | Long BA (Boeing) Boeing's stock was hit hard by the Iran war due to skyrocketing jet fuel prices and the threat to key customers like Qatari and Emirrati Air. We believe their... | BULL | View Pitch → |
| Aug 21, 2026 | Fund Letter | Dominick D'AngeloO'Keefe Stevens Advisory, Inc | Health Care Equipment & SuppliesHealth Care Equipment & Supplies | Long BAX (Baxter) We initiated a position in Baxter during the quarter in the high teens. Baxter spun off... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Dominick D'AngeloO'Keefe Stevens Advisory, Inc | Broadline RetailBroadline Retail | Long BABA (Alibaba Group Holding) During the quarter, we exited our Alibaba position after a roughly two-year holding period. We initially purchased... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | John W. RogersAriel Appreciation Fund | -- | Long WBA (Walgreens Boots Alliance, Inc.) Also in the quarter, we re-initiated our position in retail drugstore operator, Walgreens Boots Alliance Inc. (WBA) following the wash sale period for tax loss selling. Recent news reports... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | James, Bill & VinchelPangolin Asia Fund | IndustrialsIndustrials | Long BAUTO.KL (Bermaz Auto) Bermaz has suffered from a slowdown in car sales as Mazda has been hit particularly hard by cheaper Chinese imports. In hindsight, I'd... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Patrick BrennanBrennan Asset Management, LLC | GCI Liberty, Inc. $GLIBA• NASDAQ | Telecommunication ServicesTelecommunication Services | Long GLIBA (GCI Liberty, Inc.) We described our rationale for GCI Communications (GLIBA) in our Q3 letter and noted that we planned to participate/oversubscribe to GLIBA's offering. 95 percent of... | BULL | View Pitch → |
| Aug 21, 2026 | Fund Letter | Brian McMahonThornburg Global Opportunities Fund | Broadline RetailBroadline Retail | Thornburg Global Opportunities Fund - BABA Alibaba Group Holding is the twenty-fifth largest holding. Internet infrastructure and... | NEUTRAL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Stuart Pearce, Alexis DelloyeAlluvium Global Fund | -- | Long WBA (Walgreens Boots Alliance, Inc.) Walgreens Boots, which has the strategy of evolving from a drugstore operator to a broader multi-channel healthcare provider, provided a third quarter update. Its core business... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Stuart Pearce, Alexis DelloyeAlluvium Global Fund | Broadline RetailBroadline Retail | Long BABA (Alibaba Group Holding Limited) For Alibaba (down 19.1%) - it reported full year results, and confirmed Board approval for the spin-off of its Cloud division and that it is looking to do the same for Cainiao (its logistics division) and Freshippo (its retail chain for groceries and fresh goods). We see Alibaba's... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Shreekkanth "Shree" ViswanathanSVN Capital Fund | Consumer FinanceConsumer Finance | SVN Capital Fund - BAJFINANCE.NS Bajaj Finance is India's largest non-bank lender, serving over 119 million customers. It is a... | NEUTRAL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Jason & JesseDKAM Donville Kent Asset Management | -- | Long BAMI.TO (Blue Ant) Blue Ant grew revenue 18% per year from 2020 to 2025 with 18% return on capital. The global streaming... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Diego B. MilanoQuercus Fund Ltd. | Braskem S.A. $BAK• NYSE | Commodity ChemicalsChemicals | Long BAK (Braskem S.A.) Its controlling shareholder (Braskem NYSE: BAK) is in an even worse situation, and the industry is facing the deepest and longest downturn ever. Its majority shareholder... | BULL | View Pitch → |
| Aug 21, 2026 | Fund Letter | Pontus DackmoProtean Select | IndustrialsIndustrials | Long BAVA.CO (Bavarian Nordic A/S) We have initiated a mid-sized position in Bavarian Nordic. This Danish vaccine... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Warren FisherManole Capital Management | Commercial Services & SuppliesCommercial Services & Supplies | Long RBA (RB Global, Inc.) Another example is RB Global (ticker: RBA), which we've owned for over 20 years. While GICS classifies... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Derek Izuel, CFAShelton International Select Equity Fund | BanksBanks | Long HDFCBANK.NS (HDFC Bank) HDFC Bank was the largest detractor. The stock declined... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Douglas OttAndvari Associates | Equity Real Estate Investment Trusts (REITs)Equity Real Estate Investment Trusts (REITs) | Long SBAC (SBA Communications) During the last quarter of 2024, investors shifted their worries back again to interest rates and inflation. It now seems... | BULL | View Pitch → | |
| Aug 20, 2026 | Seeking Alpha | Seeking Alpha ContributorSeeking Alpha | Bally's Corporation $BALY• NASDAQ | Hotels, Restaurants & LeisureHotels, Restaurants & Leisure | Bally's Corporation Bally's Corporation is facing significant financial challenges due to its aggressive expansion strategy, which includes multiple high-cost projects such as Bally's Chicago, Bally's Las Vegas, and Bally's Bronx. The company is... | BEAR | View Pitch → |
| Aug 18, 2026 | Substack | coughlincapitalSubstack (coughlincapital) | Broadline RetailBroadline Retail | Another Big Week for China TechAlibaba Group Holding Limited – BABA Alibaba's upcoming earnings report is highly anticipated, with a focus on Cloud growth and margins. The company has... | BULL | View Pitch → | |
| Aug 16, 2026 | Seeking Alpha | Seeking Alpha ContributorSeeking Alpha | BAE Systems plc $BAESY• NASDAQ | Aerospace & DefenseAerospace & Defense | BAE Systems plc BAE Systems has experienced significant growth, with a 260% increase in stock price over the past five years. However, the company... | BEAR | View Pitch → |
| Aug 7, 2026 | Other | JB Global Capital | Broadline RetailBroadline Retail | JB Global Capital – BABA Alibaba reported its March-quarter and fiscal year 2026 results on May 13th. A full breakdown... | BULL | View Pitch → | |
| Jul 1, 2026 | Fund Letter | Southeastern Asset Management, Inc.Longleaf Partners Small-Cap Fund | Movies & EntertainmentEntertainment | Long BATRA (Atlanta Braves Holdings, Inc.) Atlanta Braves Holdings – The owner of the Atlanta Braves baseball team and surrounding real estate was a contributor during the quarter. The highlight during... | BULL | View Pitch → | |
| Feb 25, 2026 | Fund Letter | Cole SmeadSmead International Value Fund | Barclays PLC $BARC.L• LSE | BanksBanks | ACATIS Investment 2025 Q4 (BARC LN) With an estimated 2026 P/E ratio of 9 and a price to book value ratio that is significantly less than 1 (approx. 0.7 - 0.9), this stock continues to trade at an attractive discount on the intrinsic value, despite the latest price gains. The massive share... | BULL | View Pitch → |
| Feb 20, 2026 | Fund Letter | George Bolton, Ali, George EllimanWestEnd Capital | The Boeing Company $BA• NYSE | Aerospace & DefenseAerospace & Defense | WestEnd Capital 2024 Q4 (BA) Boeing has installed a new CEO in Kelly Ortberg, whose office in Seattle will be as close to the commercial production lines as possible—which is also 2,300 miles from the company's corporate offices in Arlington, VA. Ortberg will be... | BULL | View Pitch → |
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Investment pitches and theses displayed on Buyside Digest are summaries of opinions expressed in publicly available investor letters, research reports, or other commentary. These summaries are generated for informational and research purposes only and do not constitute investment recommendations, financial advice, or an endorsement of any particular security or strategy by Buyside Digest. Users should conduct their own independent due diligence and consult with professional advisors before making any investment decisions.